Valuations in private funding are made up numbers. The main difference between public equity and private equity is liquidation preferences and interest. I don

Valuations in private funding are made up numbers. The main difference between public equity and private equity is liquidation preferences and interest. I dont know the deal terms, but it is likely that the investors expect to get their money back, plus some interest with the potential for more upside if there happens to be a big exit. They are likely not counting on it as their returns are nearly guarenteed through the liquidation pref plus interest. Employees of docker just saw their chances of a big monetaty exit cut dramatically with this funding round since they are in last place. It is an area that yc continues to be silent on and is a travisty of the start up world today.